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Stockchase Opinions

David CockfieldInteroil Corp.IOCWAITAug 01, 2003

Took over a refinery in Papua, New Guinea.Did some drilling, and hit a big gusher in zone 1.Has now gotten a little ahead of itself.Six more Wells to drill.
$32.45

Stock price when the opinion was issued

integrated oils
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PAST TOP PICK
(A Top Pick Nov 28/08. Up 376%.) Exited too soon. Still a buy. Support is around $55.
TOP PICK
Oil in Papua New Guinea. Integrated and its main focus right now is on a new refinery. He would accept at a little above $13.
HOLD
Had a gas discovery and is going through refinancing. Some outstanding credit issues are looking much better now. Needs a bunch of money to develop an LNG project in Papua New Guinea. Long-term project.
BUY
In Papua New Guinea A viciously volatile stock. Just clinched financing by Merrill Lynch for the gas pipeline. There is the backdrop of the refinery they built, the only one there as well as a distribution network they bought from Shell and BP. The potential is for it to be hugely higher. High risk.
DON'T BUY
Operating in New Guinea. Have had various disappointments. Geology is very complex. The refinery is a nice asset. Speculative. Considering using as a tax loss.
DON'T BUY
This is a company that has been trying to get positive drilling results for many, many years. He gave up on the company a couple of years ago. It always seems to be overpromise and fail to deliver. Relatively expensive. There is a lot of shortselling against it.
WEAK BUY
Is down about 30% today. You will continue to see violence on this. A wildcatting, pioneering type of company in New Guinea. In very good geological terrain. Also has a refinery. You now have to wait for more news and hope that it will be good. On a wildcatting speculative basis, he would be a buyer. Supported at the $17/18 level by the refinery.
DON'T BUY
Located in Papua New Guinea. They have a refinery but also have some drilling land. The company has not shown itself to be competent in its drilling. The refinery is good, but the oil exploration side is highly questionable.
DON'T BUY
This stock is in a clear downtrend. Did not perform when all the other stocks in this sector were going up.
BUY
Just completing the acquisition of a chain of gas stations. When the modern drill gets in place, they might just have a major discovery.
BUY
Getting into an interesting phase. It will soon be regarded as an integrated. Located in Papue New Guina.
DON'T BUY
Has had a huge capital appreciation which reflects the value the company has created in the refining side. Prefers domestic companies. Might be a little expensive.
BUY
Has potential magic in it. In New Guinea. The only prominent smallcap oil that can generate news. Is producing and refining from the only refinery in the trans-ocean area. Interesting assets. Highly speculative.
BUY
Sold some convertibles which kneecaps the stock when it gets into the money. Sold some at that time. Still some upside.
TRADE
This is the most active stock today. This is a great asset.